Obama lies, and Gives up Jobs, Energy Security.

Discussion in 'Politics' started by Charles_Main, Dec 7, 2011.

  1. Charles_Main
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    Charles_Main AR15 Owner

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    What a display of Non sense today between Obama and the Canadian PM. Obama saying we need yet another year to study the Pipe line. A Pipe line that has had 3 years of study already. more than any other Pipeline in our History. But Obama needs another year plus to make sure it's Safe, Even though we spent 3 years and millions on 2 big reports already that say it is.

    So 20,000 Plus Jobs are not going to happen, and if Canada gets impatient and Build the Pipeline to the West instead, then China gets their oil, and we lose a Secure source of oil from a close, Reliable Ally.

    All Because Obama is Afraid to piss of his Environmentalist Base before the Election. So he says he will decide in 2013.

    To funny, and this man is suppose to have us believe he cares about Jobs, and US energy Security.

    Yet another Massive and utter Failure on Obama's Part. Yet another example of Environmentalist Extremism Costing America Jobs, and Energy Security.

    3 Years of Study,
    Millions Spent,
    2 Huge Reports,
    Both say it's Safe,
    Why do we need more study?
     
  2. Trajan
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    Trajan conscientia mille testes

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    well he is following through on one promise in the in area of energy, the epa is just now enacting a reg. ala Coal Plants. read on mcduff;)


    * DECEMBER 6, 2011

    If the Lights Go Out
    Regulators are letting EPA compromise U.S. electric reliability.

    snip-

    Last week FERC convened a conference on the wave of new Environmental Protection Agency rules that are designed to force dozens of coal-fired power plants to shut down. The meeting barely fulfilled the commission's legal obligations, but despite warnings from expert after expert, including some of its own, the FERC Commissioners refuse to do anything about this looming threat to electric reliability.

    The latest body to sound the EPA alarm is the North American Electric Reliability Corporation (NERC), which last Tuesday released its exhaustive annual 10-year projections. "Environmental regulations are shown to be the number one risk to reliability over the next one to five years," the report explains.

    NERC's forecasts are the gold standard for the U.S. power system because they are built from the bottom up, starting with finely grained data from individual plants. NERC has been doing this work since 1967, and since 2005 it has operated under the FERC umbrella as an "electric reliability organization" similar to Finra, the securities regulator with quasi-governmental duties.

    The threat is that the EPA is triggering what NERC calls "an unprecedented resource-mix change," with utilities switching to natural gas from coal. For the first time in U.S. history, net coal capacity is in decline. On top of the 38 gigawatts of generation that is already being run below normal levels or slated for early retirement, NERC predicts another 36 to 59 gigawatts will come offline by 2018, depending on the "scope and timing" of EPA demands. That could mean nearly a quarter of all coal-fired capacity.

    snip-

    According to the report, "the nation's power grid will be stressed in ways never before experienced" and reliability depends on building new power plants to cover the losses. But the electric industry has only three years to comply under one EPA regulation known as the utility rule that is meant to target mercury and is due to be finalized soon, while many other destructive rules are in the works.

    Replacing power is not like replacing a lost cellphone. There are bottlenecks in permitting, engineering, financing and building a new plant and then tying it to the electricity network. Over this same three-year window, NERC estimates that between 576 and 677 plants will need to be temporarily shut down to install retrofits like scrubbers or baghouses.

    All of this has been obvious to anyone paying attention. In its draft utility rule the EPA itself warned that "sources integral to reliable operation" may be forced to shut down, before it sanitized these concessions from the final proposal. Twenty-seven states say their regional reliability is at risk, concerns echoed by FBR Capital, Credit Suisse, Fitch, Bernstein Research and several grid operators. FERC's own Office of Electric Reliability produced an alarming study, before its work was disowned by Chairman Jon Wellinghoff, as we reported in the September 26 editorial "Inside the EPA."

    Southern Co., the utility that covers states from Mississippi to Georgia, says the EPA's timeline can't be met "at any cost" and that in its region "reliability cannot be maintained without load shedding"—that is, rationing power to large industrial consumers. American Electric Power, which operates in 11 Midwest states, says that option may be a "last resort" as well. This is the kind of political overhang that harms economic growth.

    Keep in mind that the EPA estimates that the benefits to society from the mercury reductions in the utility rule max out at $6.1 million, total, while imposing $11 billion in compliance costs annually. That is a crazy tradeoff even if it didn't endanger the electric grid.

    more at-

    Review & Outlook: If the Lights Go Out - WSJ.com
     
  3. Trajan
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    Trajan conscientia mille testes

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    Oh and when the next job reports comes out you can be sure it will be 20K jobs light ( the IMMEDIATE impact of XL), and down the road wwe will miss out on 100 to 120K jobs to boot.

    all for GWing.....what a crock.
     
  4. Mr. H.
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    Mr. H. Diamond Member

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